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Nicole Spector

Gen X: 5 Steps To Take Now To Avoid Outliving Your Retirement Savings

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tapui / Getty Images/iStockphoto

The possibility of outliving one’s retirement savings is a concern for every generation, but it’s an especially alarming worry for Gen Xers, partly because so many of these 44-to-59-year-olds are not in strong financial shape. Only 14% of Gen Xers believe that they have saved enough money for retirement, according to Schroders’ 2024 U.S. Retirement Survey. Additionally, Gen X carries more credit card debt than any other generation, according to recent data from Experian.

Read More: Here’s Why You Might Want To Invest Your Retirement Savings in a Roth 401(k)

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